...“Bricks-and-Mortar” vs. “Clicks-and-Mortar”: an Equilibrium Analysis Fernando Bernstein Jing-Sheng Song Xiaona Zheng The Fuqua School of Business The Fuqua School of Business Guanghua School of Management Duke University Duke University Peking University Durham, NC 27708 Durham, NC 27708 Beijing, China 100871 Forthcoming in European Journal of Operational Research The Internet has provided traditional retailers a new means with which to serve customers. Consequently, many “bricks-and-mortar” retailers have transformed to “clicks-and-mortar” by incorporating Internet sales. Examples of companies making such a transition include Best Buy, Wal-Mart, Barnes & Noble, etc. Despite the increasing prevalence of this practice, several fundamental questions remain: (1) Does it pay off to go online? (2) Which is the equilibrium industry structure? (3) What is the implication of this business model for consumers? We study these issues in an oligopoly setting and show that clicks-and-mortar arises as the equilibrium channel structure. However, we find that this equilibrium does not necessarily imply higher profits for the firms: in some cases, rather, it emerges as a strategic necessity. Consumers are generally better off with clicks-and-mortar retailers. If firms align with pure e-tailers to reach the online market, we show that a prisoner’s dilemma-type equilibrium may arise. Keywords: Supply chain management, Game theory, E-commerce, MNL model...
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...Marketing with Traditional Marketing Marketing—the action or business of promoting and selling products or services, including market research and advertising—is a powerful tool for attracting customers and promoting a business. (Chapman/Businessballs) There are many types of marketing strategies and mediums through which different companies implement the practice of marketing. This paper will shed a light on traditional and online marketing, highlighting the very concepts along with the pros and cons of each type of marketing. The history of marketing is divided into two phases; the development of marketing theory, and the development of marketing practice. The history of marketing theory deals with the evolution of different...
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...1 Online Learning Vs. Traditional Learning ENG 122: English Composition I September 24, 2015 2 Online Learning Vs. Traditional Learning Angiello, R. (2010). Study Looks at Online Learning vs. Traditional Instruction. Education Digest, 76(2), 56. In this short article, Angiello examined the impacts of online education as opposed to traditional learning. She questions whether students learn well as online or in traditional classrooms. She performed a study to give some insight on the issues of online learning verses traditional learning. The study ended with those of who took the online classes performed better than those in a traditional classroom. This article will generally be used to corroborate assertions I make pertaining on why I feel online learning is better than your traditional learning. I think Angiello's “Study Looks at Online Learning vs. Traditional Instruction” will provide an excellent template of what my paper could look like. MILLIRON, M. D. (2010). Online Education vs. Traditional Learning: Time to End the Family Feud. Chronicle Of Higher Education, 57(11), B30. In this article Milliron explains how online learning is typically easier to attend because in an online setting you area actually getting things done much faster than the traditional way of schooling. I say these things because when you're online it is much more easier for someone to type in information and get things done quicker...
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...Internet Marketing Opportunities Prepared for: CEO of Community Empowerment City of Philadelphia Prepared by: Denise Martinez, Employee of Community Empowerment Devry University April 3, 2015 Mobile revolution chart 1400 John F Kennedy Blvd Philadelphia PA 19107 (215) 696-7617 April 8, 2015 Community Empowerment Chief Executive Officer Attention: Ms. Marilyn White, CEO INTERNET MARKETING OPPORTUNITIES On behalf of the company’s future development, there was some research conducted for purposes of enhanced marketing opportunities. I have researched and finished a proposal on Internet marketing. The report describes some of the major benefits that are associated with online marketing. This proposal provides a detailed research with data and examples to support all the facts. This report provides a scope that offers all the reason that you should invest and take advantage of Internet marketing. There are detailed sections along with illustrations for better understanding of the proposal. There is also a list of recommendations and references so there can be further research done and you can come to a conclusion that online marketing will expand the future plans of the company. Thank you for the opportunity to complete the research for this proposal. As an employee to this company, I look forward to your feedback and I hope you take into consideration this great opportunity. Sincerely, Denise Martinez ...
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...online shopping with traditional shopping Shopping today has evolved into an activity that is entirely different to that which was practiced decades ago. This new way of shopping has prompted companies to invest, not in buildings and mall spaces, but in websites and web advertising. More than ever, traditional retailers are feeling more threatened by the worldwide web. The internet has created opportunities for people to shop with convenience and comfort which has not been possible in the past. Shopping online also has the added advantage of being able to compare products and prices at multiple sites with just a click. You are able to browse around the various online stores and find what you need. Payment method is often quite simple once you possess a credit card. Again with just a few clicks, payment is processed and transaction completed. Although shoppers today continue to flood the malls and department stores all over the world, online shopping has grown and continues to grow to new heights over the last decade and shows no sign of slowing down. Ever stop and wonder whether one day shopping for that special gift still dressed in your pajamas, while taking care of a husband, three children, and a cat with an overactive bladder at home was possible? Well thanks to twenty first century technology, anything’s virtually promising and shopping at home has become a part of everyday life as going to work or school. Compare online shopping with traditional shopping When...
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...The Recruiting Industry: Internet Staffing vs. Traditional Staffing The Recruiting Industry: Internet Staffing vs. Traditional Staffing Prepared By: Anthony Moy (amoy29@gmail.com) Jacquelyn Pope (easyon32@yahoo.com) Karishma Sajnani (ksajnani1@gmail.com) Koura Doumbia (kouradoumbia@yahoo.com) Roushan Chowdhury (roushanchowdhury@gmail.com) Twenika Huddleston (Twenika@yahoo.com) Prepared By: Anthony Moy (amoy29@gmail.com) Jacquelyn Pope (easyon32@yahoo.com) Karishma Sajnani (ksajnani1@gmail.com) Koura Doumbia (kouradoumbia@yahoo.com) Roushan Chowdhury (roushanchowdhury@gmail.com) Twenika Huddleston (Twenika@yahoo.com) Prepared For: Professor Battino HRM594 STRATEGIC STAFFING KELLER GRADUATE SCHOOL OF MANAGEMENT November 10, 2014 Prepared For: Professor Battino HRM594 STRATEGIC STAFFING KELLER GRADUATE SCHOOL OF MANAGEMENT November 10, 2014 Table of Contents Introduction 2 Approach 2 Focus 2 Recruiting Industry History 2 Strategic Staffing 2 Internet Staffing 2 Internet Staffing Methods 2 Traditional Staffing/Methods 2 Literature Review 2 Results/Recommendations 2 Conclusion 2 References 2 Introduction In today’s society, you will find that many organizations strive to discover the most efficient, effective way to successfully recruit the ideal candidate that’s a perfect fit within the workplace environment. This can be a daunting task within the Human Resources (HR) department should the appropriate factors...
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...Traditional vs. Online Education DeRhonda Foster COM/155 University Composition and Communication I 01/15/2012 Dr. Lisa Dunick Traditional vs. Online Education Are you thinking about returning to school for a degree? Today, there are more options available for those choosing to further their education past high school than there was when I was a teenager. For many years, traditional education has been the choice of most students going to school, but now that online education is available, students are beginning to take that route. There are still a few doubts about the acceptance of online degrees, but whether traditional or online education, they can both be beneficial and rewarding, depending on the time you have, the amount of money you want to spend, and your own learning abilities. Traditional vs. Online Education Traditional Education Traditional education is going to classes in a classroom setting with other students and an instructor on hand for face-to-face interaction. Students have to attend those classes in a designated place, at specific dates and times. They may have to attend lectures and go to laboratories...
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...| Traditional Classes vs. Online Classes | /14 | | The Internet has created a revolution in every area of modern life. Education is no exception, and now there are not only traditional classes as we usually learn but also online classes. These two educational kinds have the same goal: to educate and train students to have good skills in there learning. Students accomplish them differently with online learning, gaining time flexibility but without personal interaction. Starting with scheduling between an online class and a traditional class is the time. Taking traditional classes requires the student to set up a schedule and show up for classes. This takes away from family and work. Comparing online classes, there is no set time established for when and where to study as long as a computer and Internet access is available. Courses are accessible from any computer, and usually twenty-four hours a day. In contrast, with a traditional class, students must physically go to class every day, they have a schedule and set times are established. In general, their time is not as flexible as an online class. Every online class is run differently, but in most cases, it is much easier to schedule classes around the rest of the day when to go to school virtually. This provides flexibility for the student to be able to work toward their degree on their own time, at your own pace. Campus-based courses require that students attend class a certain number of times every week...
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...The Recruiting Industry: Internet Staffing vs. Traditional Staffing Prepared By: Anthony Moy (amoy29@gmail.com) Jacquelyn Pope (easyon32@yahoo.com) Karishma Sajnani (ksajnani1@gmail.com) Koura Doumbia (kouradoumbia@yahoo.com) Roushan Chowdhury (roushanchowdhury@gmail.com) Twenika Huddleston (Twenika@yahoo.com) Prepared For: Professor Battino HRM594 STRATEGIC STAFFING KELLER GRADUATE SCHOOL OF MANAGEMENT November 10, 2014 Table of Contents Introduction 2-3 Approach 4 Focus 5 Recruiting Industry History 2 Strategic Staffing 2 Internet Staffing 2 Internet Staffing Methods 2 Traditional Staffing/Methods 2 Literature Review 2 Results/Recommendations 2 Conclusion 2 References 2 Introduction In today’s society, you will find that many organizations strive to discover the most efficient, effective way to successfully recruit the ideal candidate that’s a perfect fit within the workplace environment. This can be a daunting task within the Human Resources (HR) department should the appropriate factors not be well aligned with an organizations purpose. This research paper will explore the elements of internet staffing and traditional staffing. Some will argue that tradition staffing is the best method because it’s been proven to achieve great results within the business industry for many years. While others will argue that internet staffing can achieve the same results. However, through the use of technology this method...
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...Online Shopping vs. Traditional Shopping Wezley Singleton COM/155 Lee A. Fenstermaker III. Due Date: 22JUL2012 Online Shopping vs. Traditional Shopping As the years pass, technology seems to leap forward exponentially. The capabilities of the home computer have increased so much over the past few decades. Shopping is a ritual that every household in America practices. With the rise of the Internet, companies know the potential consumer base that awaits them. How did they tap into this consumer gold mine? By providing convenient shopping, where consumers can buy products with the click of a button. Online shopping is becoming a much more popular thing these days. With relatively new faces such as Amazon and eBay, and even old players like Wal-Mart and The Home Depot, online shopping is definitely an alternative to traditional shopping. But the question is, which one is more effective, both cost-wise and time-wise? This article will go over the benefits of online shopping vs. traditional shopping, so that you can make an informed decision when trying to decide where to shop. Online shopping, in most situations, is a much more cost and time effective way to shop for many products. It saves you time, money, and spares you of some stress. By the end of this essay, you will see why online shopping is clearly the best option when it comes to where you shop. Saving time is the point and goal of every piece of technology...
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...Natural vs. Traditional Energy Jasmine Upshaw HUM/114 April 8, 2014 AJ Merrill Natural vs. Traditional Energy When one thinks of the United States, they wonder how people are able to protect it and save money to prolong the finances of its citizens. One of the ways both of these goals can be accomplished is to practice using natural power as a major resource. Using traditional energy is hurting the environment, as well as costing manufacturers more money to produce the needed energy to function on a day-to-day basis (Just Energy, 2013). When traditional energy is produced, the use of carbon dioxide increases the warmth of the planet which increases the chances of abnormal and harmful conditions. In the past couple of years, there has been an extreme change in weather patterns. This caused noticeable effects such as an increase of droughts, wildfires, hurricanes, and intense rainstorms (Natural Resource Defense Council, 2013). The only way to change these conditions is to practice using natural energy and limit the use of carbon dioxide. Natural energy consists of energy being produced by solar, wind, and other renewable sources. There are no resources being used that hurt the ozone layer. These ways generate energy that does not harm the environment. Production is also cost efficient, which is beneficial to keeping everything running. Some habits that hinder my thinking may be my lack of compassion for the view of the opposing side. I also have a habit of only seeing...
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... Online Learning vs. Traditional College Employers Views on Online Degrees Darlene Freeman University Composition and Communication II October 26, 2012 Virginia Fontana 2 Why are so many people, especially the older adult learners, deciding to use the online Universities as a way to earn their degrees? Will the online degree be considered by the employers as efficient for the job in question? Will all of our hard work done as students, be done for nothing? Students have raised the issue of the acceptance of the online degree. Online learning in comparison to traditional college has been determined to be the preference for many people today because of the convenience of fitting it into their busy schedules. The results of the research provided, should satisfy any questions or doubts raised...
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...TRANDITIONAL VS ONLINE RETAILER MGMT310-1205B-01 Pamela Kruse January 13, 2013 Abstract: As we all know the internet has created many ways for companies to do business online. In this paper I will discuss the differences between traditional and online retailers. I will also discuss what advice I would give a traditional retailer to switch to an online retail organization. Traditional Retailer is called a building that is of brick and mortar store. This means that the customer will walk or drive to the store to do their shopping. A good location for these stores would be around a shopping center; this is a foot traffic place. The retailer will also advertise to attract more customers in that area as well. A traditional retailer will have to pay rent, heat, light, and of course insurance bills. The retail store will also have to keep merchandise in the stores for the customers to buy; this will need space and storage to where they will not run out of merchandise. The retail store in order to get customers to come and keep coming must have a good store front. That means neat appearance along with good advertisement that will invite the customer to come shop. Online retailer can reach people all over the world, but you will need to set up a good ecommerce site so people find you. This can be done by making sure promoting the website through links like shopping directories, and social network sites. Online retailers have lower overhead costs than traditional retailer. Online...
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...to a Traditional Class Abigail Walter Rasmussen College Author Note: This research is being submitted on September 3, 2013 for English Composition at Rasmussen College by Abigail Walter. Online Class Compared to a Traditional Class These days, there are many different ways for students to access higher education. Students can enroll in a traditional program, attending classes and accessing educational resources on campus. You can also enroll in an all-online program, in which the majority of your schoolwork and communications are completed via the Internet. Or there's the in-between option: blended learning environments that combine on-campus and online coursework. Online and traditional classes both have teachers and books but a traditional class is face to face contact with a teacher unlike an online class were you only have email and phone calls to communicate with . A major difference is flexibility because online you can choose your own time to work and traditional you have a specific time to be at school. Online courses typically allow students to work on their own time, which means that they can complete their coursework at the time and place of their choosing. This is often ideal for working students or single parents who need a flexible schedule. However, students who struggle to be self-motivated may find that they quickly fall behind because they aren’t used to doing stuff on their own and they need that face to face help with a teacher. Traditional classes...
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...Anti-monopoly Analysis of Tencent QQ vs. 360 Dispute Weiwei Hu and Yimeei Guo School of Law., Xiamen University; 361005, China helusi420hw@163.com, ymguo@xmu.edu.cn Abstract. Anti-monopoly concerns are becoming more and more frequent for Internet industries competiting all over the world. This paper makes a case analysis of Tencent QQ vs. 360 dispute, then has some further thought from such dispute.Finally, it is hoped by this paper that China’s Anti-monopoly Law be healthily and perfectly enforced in the future. Keywords: Anti-monopoly, Internet industries, Case analysis. 1 Introduction Anti-monopoly concerns are becoming more and more frequent for Internet industries competiting all over the world.For example, in February 2011,Apple launched a new service that allows for magazine and newspaper subscriptions for its popular devices, might draw claim from publishers that Apple dominates the market for consumer tablet computers and that it has allegedly used that commanding position to restrict competition.[1] Also in February 2011,Hudong.com, an online encyclopedia, is alleging that Baidu unfairly blocks its Web pages from search results in favor of its own encyclopedia service, Baidu Baike.[2] On April 1,2011, Microsoft plans to file a complaint with the European Commission demanding action against competitor Google on competition law grounds. Microsoft claims that Google stops other companies from accessing the information needed to run effective search operations.[3]...
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